SGI PEAK GROWTH FUND
|
PORTFOLIO OF INVESTMENTS
|
MAY 31, 2022 (UNAUDITED)
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NUMBER
|
|||||||||
EXCHANGE-TRADED FUNDS - 21.0%
|
OF SHARES
|
VALUE
|
|||||||
Exchange-Traded Funds — 21.0%
|
|||||||||
Financial Select Sector SPDR Fund
|
1,600
|
$
|
56,752
|
||||||
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
|
7,130
|
139,106
|
|||||||
Invesco QQQ Trust Series 1
|
90
|
27,745
|
|||||||
Invesco S&P 500 Low Volatility ETF
|
1,270
|
82,410
|
|||||||
iShares 5-10 Year Investment Grade Corporate Bond ETF
|
840
|
44,243
|
|||||||
iShares Core 1-5 Year USD Bond ETF
|
2,200
|
105,666
|
|||||||
iShares Core MSCI EAFE ETF
|
6,330
|
417,147
|
|||||||
iShares Core MSCI Emerging Markets ETF
|
6,770
|
355,899
|
|||||||
iShares Core S&P Small-Cap ETF
|
420
|
42,538
|
|||||||
iShares Edge MSCI Min Vol EAFE ETF
|
610
|
41,389
|
|||||||
iShares Edge MSCI Min Vol USA ETF
|
1,900
|
139,574
|
|||||||
iShares Gold Trust *
|
390
|
13,599
|
|||||||
iShares MSCI EAFE Value ETF
|
830
|
41,019
|
|||||||
iShares MSCI USA Momentum Factor ETF
|
200
|
29,210
|
|||||||
iShares MSCI USA Small-Cap Min Vol Factor ETF
|
1,190
|
41,864
|
|||||||
iShares TIPS Bond ETF
|
590
|
70,175
|
|||||||
Schwab US Dividend Equity ETF
|
710
|
55,799
|
|||||||
SPDR Portfolio S&P 500 ETF
|
2,340
|
113,677
|
|||||||
Vanguard S&P 500 ETF
|
3,000
|
1,139,039
|
|||||||
2,956,851
|
|||||||||
TOTAL EXCHANGE-TRADED FUNDS
|
|||||||||
(Cost $2,890,389)
|
2,956,851
|
||||||||
MUTUAL FUNDS - 75.0%
|
|||||||||
Mutual Funds — 75.0%
|
|||||||||
SGI Global Equity Fund, Class I
|
120,317
|
4,200,250
|
|||||||
SGI Small Cap Core Fund, Class I
|
116,688
|
3,018,716
|
|||||||
SGI US Large Cap Equity Fund, Class I
|
133,527
|
2,507,634
|
|||||||
SGI US Small Cap Equity Fund, Class I
|
73,599
|
839,763
|
|||||||
10,566,363
|
|||||||||
TOTAL MUTUAL FUNDS
|
|||||||||
(Cost $10,847,828)
|
10,566,363
|
||||||||
SHORT-TERM INVESTMENTS - 4.1%
|
|||||||||
U.S. Bank Money Market Deposit Account, 0.50% (a)
|
579,612
|
579,612
|
|||||||
TOTAL SHORT-TERM INVESTMENTS
|
|||||||||
(Cost $579,612)
|
579,612
|
||||||||
TOTAL INVESTMENTS - 100.1%
|
|||||||||
(Cost $14,317,829)
|
14,102,826
|
||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%
|
(18,248
|
)
|
|||||||
NET ASSETS - 100.0%
|
$
|
14,084,578
|
*
|
Non-income producing security
|
||||||||
(a)
|
The rate shown is as of May 31, 2022.
|
||||||||
ETF
|
Exchange-Traded Funds
|
||||||||
The accompanying notes are an integral part of the portfolio of investments.
|
SUMMIT GLOBAL INVESTMENTS, LLC
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
MAY 31, 2022 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS – The inputs and valuation techniques used to measure the fair value of the Fund's investments are summarized into three levels as described in the hierarchy below:
|
||||||||||||||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
||||||||||||||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
||||||||||||||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments).
|
||||||||||||||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
|
||||||||||||||||
The following is a summary of the inputs used, as of May 31, 2022, in valuing each Fund's investments carried at fair value:
|
||||||||||||||||
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
|||||||||||||
SGI Peak Growth Fund
|
||||||||||||||||
Exchange-Traded Funds
|
$
|
2,956,851
|
$
|
2,956,851
|
$
|
-
|
$
|
-
|
||||||||
Mutual Funds
|
10,566,363
|
10,566,363
|
-
|
-
|
||||||||||||
Short-Term Investments
|
579,612
|
579,612
|
-
|
-
|
||||||||||||
Total Investments*
|
$
|
14,102,826
|
$
|
14,102,826
|
$
|
-
|
$
|
-
|
||||||||
* Please refer to Portfolio of Investments for further details.
|
||||||||||||||||
During the current fiscal period, the Fund had no Level 3 transfers.
|
||||||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.
|